Selected financial data of two intense competitors are presented below. 

Required

(a) For each entity, calculate the following:

1. Current ratio.

2. Receivables turnover.

3. Average collection period.

4. Inventory turnover.

5. Average days in inventory.

6. Profit margin ratio.

7. Asset turnover.

8. Return on assets ratio.

9. Return on shareholders’ equity ratio.

10. Debt to total assets ratio.

11. Times interest earned.

12. Current cash debt coverage.

13. Cash return on sales ratio.

14. Cash debt coverage.

(b) Compare the liquidity, solvency and profitability of the two companies.  

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Net sales Cost of sales Selling and administrative expenses Interest expense Gain on sale of equipment Income tax expense Profit Current assets Property, plant and equipment (net) Total assets Current liabilities Non-current liabilities Total shareholder's equity Total liabilities and shareholder's equity Angel Ltd ($m) 2016 Statement of profit or loss data $34025 25 992 7701 494 572 114 $ 296 Buffy Ltd ($m) 2016 $9187 7842 $17029 Statement of financial position data (end-of-year) 2016 2016 $15338 17481 $32819 $5626 5371 6032 $17029 $82 494 65 586 12858 706 918 1581 $ 2681 $9973 10120 12726 $32819